Eclerx services after a consolidation of 12 months has given a break out and is showing a trend reversal signal. The stock after the break out has given a 10%+ up move and in this month formed a gravestone doji from the resistance zone forming double top pattern.
Currently, the stock is trading around 1625 levels, testing the 38.2% fib levels and the support...
Attached: Nifty Small Cap 100/ Nifty 50 Daily Live Market Chart
A Possible Trend Change in this Ratio as there is Breakout
And now Small Caps are set to Outperform Large Caps for the coming few weeks
This is Risk On behavior, something has clearly changed on this Chart